Europe’s governing financial technocrats are working to preserve a financial system which is, in the best case scenario, edging towards a severe recession or in the worst case scenario on the brink of a collapse. Regardless, European leaders are setting themselves up for a hot spring, which will undoubtedly shore up the ranks of the [...]
A News Junkie Post Exclusive with an interview of Occupy LA organizer Michael Novick by NJP’s Gilbert Mercier. On December 12, the Occupy movement will try to shut down all the major ports along the West Coast. This coordinated ambitious action will take place in San Diego, Los Angeles, Oakland, Seattle and even in Vancouver, [...]
The foreclosure crisis in the United States is not showing any signs of slowing down. Almost no regions and cities of the country are immune from it. The real estate debacle is affecting every region especially Florida, Nevada, Arizona and Michigan. Detroit and Las Vegas can be considered the two metropolitan areas which have been [...]
The Euro crisis is putting the very survival of the European Union at risk. Greece and Ireland debt problems were the first one to emerge, but now it is the turn of Italy and Spain to clean up their balance sheets. The two healthier economies of the union, Germany and France are now considering some [...]
After the United States downgrade in credit ratings, Wall Street plummeted today. Now the shock wave is moving quickly to Asia, at some point the market was down by 10 percent in South Korea. It will surely reach Europe when the markets will open. Investors on worldwide financial markets are panicking, as they always do, [...]
